56,003 Shares in Banco Santander, S.A. (NYSE:SAN) Acquired by Atlas Capital Advisors Inc.

Key Points

• Atlas Capital Advisors Inc. has established a new position in Banco Santander, S.A., acquiring 56,003 shares valued at approximately $375,000 during the first quarter of the year.
• Banco Santander recently reported $0.22 earnings per share, falling short of the consensus estimate of $0.26, despite exceeding revenue expectations with $17.83 billion for the quarter.
• Several analysts have issued mixed ratings on Banco Santander, with two analysts rating it as a hold, three as buy, and one as a strong buy, resulting in an average rating of "Moderate Buy."

Atlas Capital Advisors Inc. acquired a new stake in Banco Santander, S.A. (NYSE:SAN - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 56,003 shares of the bank's stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SAN. Northern Trust Corp raised its holdings in shares of Banco Santander by 46.4% in the fourth quarter. Northern Trust Corp now owns 10,775,261 shares of the bank's stock valued at $49,135,000 after purchasing an additional 3,413,685 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its stake in shares of Banco Santander by 30.5% in the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock valued at $79,566,000 after buying an additional 2,774,449 shares in the last quarter. Citigroup Inc. grew its stake in shares of Banco Santander by 170.6% in the first quarter. Citigroup Inc. now owns 2,349,567 shares of the bank's stock valued at $15,742,000 after buying an additional 1,481,207 shares in the last quarter. FMR LLC grew its stake in shares of Banco Santander by 5.1% in the fourth quarter. FMR LLC now owns 21,953,176 shares of the bank's stock valued at $100,106,000 after buying an additional 1,059,449 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Banco Santander by 4,041.6% in the fourth quarter. Jane Street Group LLC now owns 990,966 shares of the bank's stock valued at $4,519,000 after buying an additional 967,039 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on SAN shares. Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Kepler Capital Markets cut shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Citigroup began coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They issued a "buy" rating for the company. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Banco Santander Price Performance

SAN stock traded up $0.06 during midday trading on Thursday, reaching $9.59. 2,347,895 shares of the company were exchanged, compared to its average volume of 5,718,964. The business has a 50-day moving average price of $8.49 and a two-hundred day moving average price of $7.32. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $9.61. The firm has a market capitalization of $142.68 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.05 and a beta of 1.06.

Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). The company had revenue of $17.83 billion for the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. As a group, analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.